Property News

Iconic Marjorie Hotel set to open in middle of 2024
Iconic Penang Sdn Bhd will complete a RM180 million five-star hotel under the Marriott brand in Penang by the middle of next year. The Iconic Marjorie Hotel will be a 298-room property near Sungai Nibong, touted to be the first five-star Peranakan-inspired hotel of its kind and scale, with designs ... Read More

Sunway and PDC to jointly develop BKIP 2
Sunway Bhd’s 70%-owned Umech Land Sdn Bhd has signed a joint development agreement with Penang Development Corp (PDC) to develop a 559-acre prime industrial land in Batu Kawan, Penang, in exchange for a land entitlement of RM646.02 million. PDC will receive a land entitlement that consists of a RM64.6 million ... Read More

Key infrastructure projects underway in Penang
Chief Minister Chow Kon Yeow expressed the state’s commitment to advancing the major infrastructure projects that have been in progress for the past decade during his attendance at the Penang Master Builders’ 146th-anniversary dinner at St Giles The Wembley Hotel. “Under the guidance of the current state government, we are confident ... Read More

Global Foundries opens its first office in Penang
Global Foundries (GF), one of the world’s leading semiconductor manufacturers, has chosen Penang to open its first office in the country. It is located at One Precinct building in Bayan Baru. GF chief manufacturing officer Kay Chai Ang said the key feature of the new office is the new state-of-the-art ‘factory ... Read More

Reclamation work for Silicon Island project has begun
In a recent Facebook post, the Chief Minister of Penang unveiled that the long-awaited Silion Island (also known as Penang South Island) reclamation project has officially begun. This momentous endeavor, which endured nearly a decade of legal and technical challenges along with extensive public engagement, marks a major step towards a ... Read More

Klippa Shopping Centre extends a friendly invitation to all – Klippa Kan Kawan
Klippa Shopping Centre, Ikano Centres’ meeting destination in North Malaysia, is delighted to introduce its “Klippa Kan Kawan” campaign – an open invitation to the Batu Kawan community as well as Penangites, and neighbouring states to join the centre in creating meaningful connections and offering an exciting array of deals ... Read More

Penang poised to become MedTech Hub of Asia
Penang is set to become the MedTech Hub of Asia due to the rise of its medical device exports. Chief Minister Chow Kon Yeow said Penang’s exports in medical devices make up about 65% on average of Malaysia’s total in the MedTech industry between 2017 and 2021. “The state’s exports ... Read More

Additional packages for affordable homes are optional and not a must
Housing developers cannot force buyers to take up renovation packages, says Chief Minister Chow Kon Yeow. Chow was responding to a reporter’s question regarding certain developers allegedly hiking up the price of low-cost housing in the state through backdoor practices. He emphasised that additional packages should remain optional and must ... Read More

UPCOMING: George Town / Jiran Bina Sdn. Bhd.
A recently proposed commercial development in George Town by Jiran Bina Sdn. Bhd. Situated along Jalan Clove Hall, this location finds itself in close proximity to Skymind Tower and diagonally faces Boustead Tower. Additionally, it boasts a convenient location just a short distance from the renowned Gurney Drive and is ... Read More

Penang introduces RM100K affordable housing for RM5K income
Penang has unveiled a new committee, called HOPE (Housing Outcome Performance Committee) under the state Housing Board, to streamline the process of offering affordable housing units. Datuk Seri Sundarajoo Somu, the state executive councillor in charge of Housing and Environment, announced that HOPE was established to ensure the execution of housing ... Read More
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- Bad traffic planning, unlike Penang World City ...LL on Traffic barrier at Lorong Sungai Tiram 7 to be removed this August
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams